Empire State Bank: how it compares with its peers
Against 35 NY banks with half to twice its assets, Empire State Bank's strongest measure in Q2 2026 is assets per employee ($10.5M vs. a $7.1M peer median). Its weakest relative measure is net interest margin (3.31% vs. 3.76%).
| Measure | Empire State Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 0.80% | 0.74% | Middle third Ahead of 57% of peers |
| Net interest margin Annualized net interest income over earning assets. | 3.31% | 3.76% | Bottom third Ahead of 26% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 74.62% | 71.64% | Middle third Ahead of 37% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.5M | $7.1M | Top third Ahead of 82% of peers |
| Loans to deposits Net loans and leases over total deposits. | 102.86% | 88.36% | Context |
What it means for lending operations
Its efficiency ratio of 74.62% is above the 71.64% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- NewBank Flushing, NY · $618M
- Tioga State Bank National Association Spencer, NY · $625M
- Spring Bank Bronx, NY · $641M
- Modern Bank, National Association New York, NY · $649M
- Carver Federal Savings Bank New York, NY · $658M
Questions about Empire State Bank
How big is Empire State Bank?
Empire State Bank, established in 2004, is headquartered in Staten Island, NY. It reported $618M in total assets in its Q2 2026 FDIC call report and operates 7 offices.
What is Empire State Bank's return on assets?
0.80% annualized in Q2 2026, against a 0.74% median for 35 NY banks with half to twice its assets, ahead of 57% of them.
What is Empire State Bank's efficiency ratio?
74.62% in Q2 2026: it spent about 75 cents in noninterest expense for each dollar of revenue. The peer median is 71.64%, and lower is better.
Is Empire State Bank growing its loans?
Net loans shrank 4.7% over the year to Q2 2026, while deposits shrank 4.5%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are NY banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every New York bank ranked.